Apple and HTC today reached at point and signed 10 year licensing which will csettles all of the lawsuits between the companies around the world. Yesterday both companies CEOs stressed the desire to continue innovating for the future. Tim Cook have issued brief words for the official joint statement:
“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC.
“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. “We will continue to stay laser focused on product innovation.
Additionally, Patent deal comes after HTC suffered several legal setbacks, such as a decision by the U.S. International Trade Commission that said Apple’s iPhone and iPad mobile devices had not infringed HTC’s patents.
Similarly Nokia has also signed off similar deal last year with Apple.
Statement:
HTC AND APPLE SETTLE PATENT DISPUTE. All Patent Litigation Between The Companies Dismissed
1.Date of occurrence of the event:2012/11/11
2.Company name:HTC Corporation
3.Relationship to the Company (please enter “head office” or
“affiliate company”):Head Office4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:HTC and Apple have reached a global settlement
that includes the dismissal of all current lawsuits and a ten-year
license agreement. The license extends to current and future patents
held by both parties. The terms of the settlement are confidential.6.Countermeasures:None
7.Any other matters that need to be specified:There is no material
adverse impact on the financials of the Company.HTC AND APPLE SETTLE PATENT DISPUTE
All Patent Litigation Between The Companies Dismissed
TAIPEI and CUPERTINO, California – November 11, 2012 – HTC and Apple have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement. The license extends to current and future patents held by both parties. The terms of the settlement are confidential.
“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC.
“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. “We will continue to stay laser focused on product innovation.”
-end-
Source: WSJ
